SIP TOKEN ALLOCATION OVERVIEW
- Private Sale (10%): sale to partners, investment funds. The vesting Period (months) is 12 months & the monthly unlock rate is 7.67%. The private sale round has a lower rate than the Public Sale with the condition of long-term companionship with the project.
- Public Sale (3%): open for sale on IDO platforms with 3% (Pre IDO & IDO) of the supply of the total token. The sale is to provide tokens to perform interactive activities & buy/sell NFT in the SPACE SIP ecosystem.
- Team (15%): tokens will be allocated as an incentive to project founders, employees, freelancers. The token has a vesting period of 24 months. Tokens will be allocated after the project is run for 12 months with a monthly unlock rate is 8.33%. The token allocation time lock is intended to create focus on project development before the team receive rewards.
- Strategic Partner (3%): the portion will be allocated for incentives to partners during project development.
- IDO Partner (1%): the portion will be allocated for incentives to the IDO partner
- Marketing (6%): The portion will be allocated as a reward for community activities. The portion will be allocated as a reward for community activities. In addition, there will be rewards for content creators and developers who have actively contributed to the SPACE SIP ecosystem. Contest rewards will be opened to promote the team’s interaction with the community periodically.
- Play-2-Earn & Mining Rewards (50%): Rewards will be spent as rewards for daily game interaction. SPACE SIP has in-game token inflation reduction mechanisms (sink and faucet, lending, mystery capsule, etc). In which the number of releases will increase by the number of active users per year, the release will be completed in 5 years. The system will check on the returned data to always ensure that the token distribution is reasonable.
- Liquidity (4%): is allocated for the purpose of creating liquidity for $SIP tokens quickly.
- Reserve Fund (8%): The reserve fund will be created to minimize the risks when the crypto market fluctuates or unexpected incidents occur. Funds will be used to create a balance of the SPACE SIP ecosystem.
For the players out there that are new to the crypto space, this article will dive into the details of how $SIP, the native currency used in the SPACE SIP world, will be allocated. $SIP serves as the native game currency for SPACE SIP. Players leverage $ to acquire characters, forge and reforge items, and buy and sell on the SPACE SIP Marketplace.
TOKEN RELEASE SCHEDULE & PRICE EXPECTATION
Total $SIP Supply
The full details for each phase of the token allocation can be found in the graphic below, or here on our website. As the details are fairly self-explanatory, we won’t be listing every single phase here but rather focus on calling out specific points of interest.
Following the revamp, the final details for $SIP as such:
At this point, Why we impose such limitations on investors who take an interest in SPACE SIP? In the images above you’ll see that all investors before the IDO will have their $SIP locked in a form. This is one of the few mechanisms we’ve implemented to safeguard the price of $SIP with the risk panic sell.
Many crypto projects implement improper token allocation. They sell tokens to early investors without a protection mechanism, which contributes to market manipulation by organizations that want control of the supply. However, our project allocates 50% of the total token supply into communities with gaming interests. we believe this will distribute decision-making power throughout many different players rather than just a few entities
Working with our advisors, we’ve done everything in our power to ensure that this does not happen. Mechanisms we’ve implemented include:
- Locking a large portion of the $SIP investors own, which vests in small amounts over time.
- Limiting the amount of $SIP each investor will be able to purchase, preventing a scenario can significantly influence the price.
Of course, it’s not just the investors who are subject to these limitations. We’ve been just as strict on ourselves as we have been with investors. As you’ll see in the Team Allocation section, the SPACE SIP team will also have the team tokens locked in 2 years.
COMMUNITY ALLOCATION
As we’ve mentioned multiple times in the previous post, SPACE SIP is a game for the community. You don’t need to be an accredited investor nor have large sums of capital to participate. This is for all the players-easy to play.
We’re currently at the seed allocation phase and you’ll notice that we are not mentioning any concrete dates in any phases. The team is hard at work getting all the details right and we’ll be releasing more information for each allocation phase when the time comes.
Looking out for our next announces where we’ll release a step-by-step guide for how you can safely buy $SIP and play the game.
💕 See you in-game, SPACE SIP Team!💕
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